Monday, December 21, 2015

Gold adding some gains after equity markets fell 21 Dec, 2015

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Today, Gold edged up, adding more gains from the previous trading session, as weakness in the dollar and equities helped the metal regain some losses from a US interest rate lift last week. Concerns that requirement for non-interest-paying bullion will take a hit from the rate increase continue to cast a shadow, and going to limit any rally in gold.

Spot gold had mark off up 0.3 per-cent to USD 1,069 an ounce by 0339 GMT, contributing to the 1.4 per-cent gain on Friday last week.  We believe that trading conditions will start to thin out, but that does not mean trading ranges will necessarily narrow.

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